Cole while retaining responsibility for negotiating sports right, Cole will now take on overall responsibility for the financial and business operations for the Journalism Group.

While remaining on the finance board as finance director for BBC Sport, Coles will take overall responsibility for negotiating sports rights.

Coles will report directly to deputy director general Mark Byford, who leads the Journalism Group.

Byford said: "(Dominic) has a wealth of experience and expertise across finance, business operations rights, investment analysis and fair trading.

"Moreover, he is passionate about the importance of the BBC's role in Journalism and Sport at local, UK-wide and international levels. "Dominic will be a key member of the Journalism team as we respond to the big challenges of changing audience need, new technologies and new competitors and driving excellence and value for money across all our activities."

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Coles added: "For anyone with a passion for news, current affairs and sport, this is a dream job. It's also a responsible one given how news and sport remain fundamental to the BBC's ability to connect with its audiences in the digital age.

"I look forward to working with the deputy director general, my new colleagues on the Journalism Board, and everyone within this formidable group of divisions."